EURNZD LONG OVERVIEW AFTER WHAT LOOKS LIKE STOP HUNTING

Price stayed for awhile tanging around 1.62000. Also 61.8 retracement level which would have induced retail traders to take long swing positions. The fast drop for 3 days looks like it was a STOP HUNTING Party. We are now Looking to trade it SWING LONG to 1.27 Fib Extension. Our Final TP. Taking smaller positions above the channel as we head to 1.27 Fib LEvel.